How Does the Global Economy Change Value Chains and Business

question 32

Multiple Choice

How does the global economy change value chains and business processes?

• A) World time differences enable global virtual companies to operate 24/7.
• B) Overseas outsourcing is no longer an attractive option.
• C) It makes it difficult for an international company to conduct sales and marketing efforts locally.
• D) It makes it mandatory for the manufacturing activities to be carried out from the home country.

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Definitions:

Phonograph

An early sound-reproducing device that used cylinders or discs to record and playback sound, historically significant as one of the first devices to capture and reproduce audio.

Culture Jamming

A form of protest that subverts media culture and mainstream societal norms to challenge consumerism and large corporations.

Mass Communication

The process of creating, sending, receiving, and analyzing messages to a large audience through media channels.

Political Rally

A large public gathering of people organized by political parties or candidates to gain support, energize voters, and promote their political agenda.